Seize this exceptional opportunity to transform a prime corner lot into a landmark development in the vibrant heart of Jamaica, Queens. Expansive 154FTx119FT lot with R6A, C4-5X, DJ zoning, comes with an approved plan for an impressive 185,000 square feet of a 13-story mixed-use building, showcasing a remarkable 100-foot-wide frontage on bustling Hillside Avenue. Also, features 60,000 sq. ft. commercial space at the Basement, 1st, 3rd & 4th floors, 15,000 sq. ft. indoor In & Out Parking on the 2nd floor, and 99 residential units designed to maximize livability and appeal. Located steps away from the 169th St subway station, bus terminal, and a thriving array of shops, restaurants, supermarkets, schools, banks, and parks, this location is a gem! Premier location offering unparalleled potential to create a transformative project in a thriving urban hub - Act now!
166-10 Hillside Avenue, Jamaica, NY, 11432
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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